Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus LLC after a quarter-century career in public service that was capped by his oversight of financial crisis rescues of Wall Street banks and General Motors Corp.
Timothy Geithner, the former U.S. Treasury secretary who supervised government bailouts of some of the largest companies after the 2008 financial crisis, agreed to join private-equity firm Warburg Pincus LLC after more than 25 years in public service.
Almost 1 million people who applied for health care on the government insurance exchanges last month left without choosing a plan, a pipeline of potential customers the Obama administration must persuade to return.
President Barack Obama, who vowed to do “everything we can” to help Americans whose health insurance has been canceled, may have little authority to do so without going to Congress for changes in the law.
The Obama administration today indicated it was willing to consider Democratic legislation to halt some of the hundreds of thousands of health insurance policy cancellations that have raised alarm among voters and lawmakers.